Profitable Midtown Bar - SBA Financing Possible

Sacramento, CA (Sacramento County)

Warm inviting interior similar to this
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Asking Price: $275,000

Cash Flow: N/A

Gross Revenue: $838,000

EBITDA: $133,000

FF&E: N/A

Inventory: $10,000*

Rent: $2.46 /Month

Established: N/A

*not included in asking price.

Profitable Midtown Bar - SBA Financing Possible

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Business Description

Here’s a great opportunity to step into a profitable Midtown Bar & Grill!
This friendly Bar attracts a diverse crowd of both locals and visitors to the area. It’s the kind of place where everyone is made to feel welcome in a true neighborhood bar fashion.
This business has an appealing casual vibe and great food and drink menus that encourage a lot of repeat customers from the neighborhood and surround areas. The interior has plenty of seating and there are multiple drink stations at the bar, so it is set up to maximize the space and for fast service. The bar has a fully equipped kitchen with hood and Ansul and produces an elevated bar food menu that complements the creative cocktail menu. The chef on staff offers on trend Farm to Fork focused food which is at a level of quality that Midtown customers have come to expect.
The Bar is located on a busy street in Midtown with lots of daily traffic from people crossing town, but the location also has better than average parking options for the area, so it encourages people in cars to stop in for Happy Hour. A lot of the regulars walk or bike to the bar which is typical for Midtown residents.
The space is approx 2,000sf and with seating for about 50. Total rent is only $4,917 per month! There is a favorable lease in place through Nov 2018 with one 5-year option and a first right of refusal to purchase the property.
The Bar has a history of doing high volume with 2017 Sales $838k and Net $120k. The Bar has a history of being profitable and SBA financing is possible for a qualified Buyer with about 25% cash down.
The current owners love this Bar but are preparing for retirement. The next owner could continue the excellent momentum with the current concept, or this could be considered for a ready to go cost effect conversion for a new concept in the Midtown Market.
Interested? Please request a Confidentiality Agreement/NDA form to get started.

Once we receive your Confidentiality Agreement, we will send you information with the street address and other details.

This is a Confidential Listing so please Do Not Disturb the business. Tours are by appointment only.

We look forward to talking with you about this exciting opportunity!

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
11/30/2023
Employees:
abt 15
Facilities:
The space is approx 2,000sf with a Full Kitchen, and with seating for about 50. Total rent is only $4,917 per month! There is a favorable lease in place through Nov 2018 with one 5-year option and a first right of refusal to purchase the property.
Competition:
Excellent Midtown location with better than average parking options nearby. Current concept has an excellent reputation but this could be considered for a cost effective conversion in the Midtown market.
Support & Training:
Seller is offering 2 weeks @ 40 hours training and transition time.
Reason for Selling:
Retiring
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Contact the Seller

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Tricia Bernhardt

Business Listed By:
Tricia

Restaurant eXchange

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB).

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